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20121201
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people voted him in for. i think he wil
wash memorial -- at a washington memorial service he is expected to attend the final memorial with the first lady. >>> travel was a real nightmare for a lot of people earlier this week, but not today. good news for those of you heading home for the holidays. david lee miller, david? >> doug, what a difference a couple of days makes. some 5. million americans will be flying this holiday season. you can take a look at laguardia, despite this is one of the busiest travel days of the year things are moving like clockwork. not a single flight has been canceled that we have seen so far or delayed. some of the arrivals are getting here earlier than expected. as you mentioned just a couple days ago there were some 1,000 cancellations. that's when a storm slammed the midwest. now for the most part system wide there are very few problems to report. only 40 cancellations and about 500 delays. this is across the entire united states. we talked to a couple of travelers here at la gay you are de yaw. at laguardia. they always prepare for the worst, but it looks to be a relatively easy trave
to be for the rising movie industry. cet will head out to washington as president obama is pushing forward his tax for the wealthy agenda. george osbourne is going to update today. the chancellor will have his work cut out to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now,
no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impact whatsoever? it seems curious to me. >> it does call into question whether these numbers can be accurate. we have been starting to think let's check accuracy. why isn't this done by s.a.p.? why aren't numbers done by oracle or salesforce.com. >> those are private companies. i'm just saying that you wouldn't question the data if it was done by a company that got a contract like s.a.p. and put these numbers together. i am beginning to question how these numbers are put together. that number was -- i agree with you. sandy has no impact? >> on number of hours worked. >> a lot of country was shut down during sandy. >> even before the number hit, people were saying you got to incorporate poll w
by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market bright spots today. the london-based pierson learning company is investing $89.5 million in barnes & noble nook media unit. shares rally more than 5% on that news. but we've got to get back to the top headline of the day, nada, zip, zilch. president obama needing with congressional leaders at the white house ended a short time ago and the president is reportedly giving no new offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this
is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier. i am concerned about confidence being fragile. todd reference what happened until august of 2011. we saw in limited to lie confidence tank. market confidence grew jog with some of the market confidence plunged. i think we have to be concerned -- market confidence plunged. if we look like we are not grappling with these key challenges. what happens on january 1, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they come up with f
. all day long on cnbc, we are here in washington holding lawmakers feet to the fire and finding out if they are doing their part to rise above partisan politics and reach a deal on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about
yourself in washington, d.c. and virginia? no, you wouldn't. we need these big salaries because we need to recruit top talent. go to manhattan. >> that is the point. if bailouts maintain the government centered focus to our economy? >> yes, and it's sucking the% whole economy and we're getting two or 3 percent growth. there are $200,000 jobs in north dakota in the oil field. i would tip into paying to move the bankers to north dakota. >> by the way, on bailouts in terms of banks, there are established procedures, if you have good collateral, you get a short term loan and get over the cash crisis. that is what they should have done in 20078 instead of putting in equity capital. >> neil: coming up next. >> kick the can road down the road for too long. >> we're not going to be able to solve it by kicking the can down the road and doing all the gimmicks in the past. >>> they say they don't wanted to kick the can but steve forbes that is exactly what washington should do. this is flip side. you do not want to miss. ♪ ♪ ♪ [ male announcer ] a full life measured in seats starts with the
in places like washington, d.c., new york and los angeles. and the strike at the port of los angeles long beach is entering its seventh day this morning. contract talks between clerical workers and shippers have resumed. the walkout is dramatically slowed activity at the nation's a busiest cargo complex, dockworkers have refused to cross picket lines. >> this is a big deal. i don't know if you think this will have economic impact down the road. national retail federation is worry that had it will spread to the east coast just ahead of the christmas holidays when so many people are out shopping. really a bad time for them. >> it could. l.a. and long beach, biggest port in the united states. >> did you see on the waterfront? you don't mess with -- >> it's the clerical workers that are striking. >> it is? i'm not afraid of that. >> the dock workers don't want to cross the picket line of the clerical workers. >> oh, i'll cross that line. i thought it was the guys with the big boxes and they drop boks on you if you cross that -- will do you remember that? >> i lived in hoboken and i saw parts
are watching every move out of washington. the industrials opened higher by 45. the nasdaq would open higher by 10. the s&p 500 would open higher by six. >>> and the fed wrapping up its two-day meeting this afternoon. its latest policy statement is expected at 12:30 eastern. that will be followed by a news conference at 2:15 p.m. the fed is expected to announce a new round of bond purchases as its last program known as operation twist set to expire at the end of the month. we'll have special coverage at cnbc of the decision and ben bernanke's news conference starting at 12:15. we'll talk to steve leaseman live later in the program. >>> another story that you heard about yesterday, the -- you know, violence and death threats and blood and guts. big implications for big labor. that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't
of the fiscal cliff on state budgets. >> wednesday on, "washington journal," ongoing negotiations on the so-called fiscal cliff. then, we hear from the associated press on how congressional leaders plan to handle social security as part of the talks. later, more on the role of social security ahead with the aarp and the heritage foundation. "washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> a former new york times book critic has gathered a few of her favorite white house photos. what sunday evening, at 7:30 eastern and pacific, on american history tv. >>
of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of john boehner as speaker was greatly exaggerated. did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl
-year, and this, when we used to go and see greenspan down in washington, he said everything else you have on your ticker, i need to see the 10 year. i need to see that every morning. nothing has happened in the ten year for the last -- i don't know. it's just not as interesting as it used to be to watch. when it's manipulated, it's not that interesting. >> one of the things about qe is that it's volatility. and you have seen implied vols down in all asset classes, including bonds. >> because things normally are volatile, that just shows us once again this is not letting things -- letting the chips fall where they may. >> yeah. i think it's baked into the cake. >> but i think he's on to something. the fact that the fed is there, the fact that the fed is trying to get ahead of the fiscal cliff and we've got these big bond buying programs. and the last time, remember, in august of 2011 when we had the last showdown, what happened? bonds rallied. >> and you said you want this to be fixed. you almost need the markets to be more volatile than they are. >> that's one of the theories that people have thr
big thing is no vacation without legislation. >> right. >> the "washington post" said as of last night, the halls of the capital were virtually deserted. >> cody's the only guy working there. that's embarrassing, isn't it? >> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for
, i have to get to washington to convey the thoughts and the minds of my constituents not only the average citizens but doctors who i sat down with yesterday to ask about this question. but here's my point. now you can look at'9" globally, then i'm going to narrow it down. globally one would say that we're living longer. of course women are -- this is the actuarial genius here. you know the actuarial table you teal with. women are living longer, it's always been a tradition, etc., but the body politic is living longer maybe because they're healthier. that is not the case in the span of what we're speaking of. what we're talking about tpwhreblely or nationally are people who -- whose beginnings are different, whose lifestyles were different, now i don't know that the family farmer, and i'm not picking on that group of people, they work with their hands. of course they work with their minds, they have to have a budget, mange things work but they're in the outdoors. foresters. some would say that's a healthy lifestyle. i don't know if if -- until you walk a mile in their shoes. th
. rocket propelled grenades and ak-47s. bill: steve centanni follows up in washington. what can we report about this rescue machine? >> reporter: good morning bill. it took place early sunday after intelligence revealed the kidnapped american was in imminent danger of injury or death. dr. joseph is a medical advice sore for a group called "morningstar" development based in colorado springs. it is a group that helps rebuild communities in afghanistan. the doctor was not injured. this happened in eastern kabul province. they were abducted by a group of five men while returning to a visit at a medical clinic. an isaf spokesman describes the rescue effort. >> it was a combined operation in order to rescue int operation. seven of those captures were killed. and the task force decided to start the operation since the assessment was there was imminent danger of injury or death to the individual. >> reporter: the identity of the other two aid workers has not been released, bill. bill: what more about the knave very seal killed during this operation, steve? >> reporter: his identity is not release
, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to avoid the cliff, period. >> yes, we do. >> we do. to your point, carl, $20 billion in special dividends have been paid out this quarter. some of the economists said this would be a jump of income in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increa
playing games. right along with the folks in washington. this president is guilty of class warfare. for what? are you kidding me?ma. president obama seems to love rt the drama. i thought he didn't like drama. the reality is that there will be so little impact on our fiscal future. the after all of the drama and whateeer the outcome, we remaih in great jeopardy. because this isn't a fiscals. future. this is not something that any of us want. don't you love ? a lame-duck session of congress. they areon the ones who have to steer us away from the fiscal cliff. joining us tonight, governor jo jo mike [beep] [indistinct chatter] [kids talking at once] [speaking foreign language [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it cahelp frontline health workers bring hope to millions of children at everybeatmatters.org. lou: burst onto your reaction to the fact that the
cliff waiting for him there back in washington. he attended a memorial service in hawaii for the late senator daniel inouye with the first lady. he is knowing that is what is happening back in washington still matters a great deal. and republicans on some of the sunday talk shows, like senator john barrasso of wyoming was on "fox news sunday" charging that the president really does want the nation to go off the cliff because then tax less go up. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for, for years. and he gets to blame republicans for it. >> reporter: democrats say that is ridiculous, that the president has been working with republican leaders again and again trying to workout some sort of a deal, both on spending and taxes to avoid the fiscal cliff, and democrat chuck schumer yesterday said the real problem is that re
out of washington. but before we get to that, why don't we start with our day anticipates top story. the i.c.e. and the nyse are in talks. the numbers put the price tag at about $8 billion. >> we watched this -- now, you said you were watching this last night with kudlow, right? >> i did. >> did you think david faber? did you think when was book ending? on this, it went up last night. i don't know why this chart is showing no movement. it went up six points. >> yeah, right. >> that wouldn't even bring those -- because we watched. faber was talking about that last night. >> maybe if we show the prior day. >> that was the prior day. >> there's a glitch or something. >> that was the prior day that didn't show the after hours trading card. it was right about 720 been i think, wasn't it? >> and all this followed and it's a big story. >> well, it is. it's interesting because it's nyse euronext. >> and this isn't the first time that i.c.e. did this. >> no. you will are ebb that i.c.e. made a joint unsuccessful bid for control of the nyse last year. when the two withdrew their offers, they
in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the same in either one. that's not -- what reid and i guess pelosi, you saw that, said she opposes the million-dol
are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even
what is going on in washington now between the president and the speaker, but if we -- if they fail completely and we go over this fiscal cliff what are the repercussions? you know, i mean, there is really a fair chance that they don't come to an agreement for whatever reason the house republicans won't support it and we go into 2013. i don't think that, per say, would be the end of the world because i think there would be a cry and it would get rein reined in after a few weeks and settle on this .. i would view this as a skirmish in a bigger war where you are growing entitlements, government services are getting more expensive. people are going to pay more and get less, and i think it is a very, very difficult tension of how to deal with that and this is just a first stage of that or one of many stages. so i don't think they are going to settle everything. i do hope they come to an agreement. i certainly hope we don't see another debt ceiling fiasco having the u.s. default on its debt, even technically would be pretty ugly. >> rose: what would be a reasonable agreement in your eyes
Search Results 0 to 28 of about 29 (some duplicates have been removed)